Skip to comments.REVEALED: George Soros Doubled His Bet That The Stock Market Is Going Down
Posted on 02/19/2014 4:20:02 PM PST by SeekAndFind
One day every quarter, the world's big fund managers reveal some of what they're buying and selling in their 13-F regulatory filings. Generally speaking, these revelations aren't taken too seriously as they are 45-day-old snapshots. But over the weekend, one gigantic $1.3 billion position raised some eyebrows.
Soros Fund Management disclosed that it held put options on 7,090,000 shares of the SPDR S&P 500 ETF (SPY) at the end of Q4.
Puts protect the holder of the option from declining prices. Soros' position makes money if $1.3 billion worth of the SPY declines in value.
And at $1.3 billion, this represents the largest position in the portfolio.
(Excerpt) Read more at businessinsider.com ...
But if the puts expire worthless, then he loses a lot of money!
I guy like that probably has a laddered put position, so it won’t happen all at once. I’d like to know what the expiration dates and the strike prices are.
Is he betting on both sides? or just this alone?
People with lots of money to protect can absorb small losses but big losses would be disastrous
Betting on one side subject you to all the risk if you are wrong.
Betting on BOTH sides and you end up losing one and winning one, and come out even (more or less)
so...Having said that, I know Soros has purposely collapsed economies in the past. Anyone know what he is up to with the rest of his money?
Stick it to Soros! Buy, buy, BUY!!! ;)
He has also been dumping money into the Ukraine....
RE: Is he betting on both sides? or just this alone?
There is a way of “betting on both sides” using options to maximize gain and minimize loses. It is a, option trading technique called the Iron Condor.
Soros probably uses it.
People accuse teenagers of behaving like they can live forever, I think former nazi people with more money than the gold fillings from aushwitch who look older than dirt also think they can live forever because they dare not die and end up in hell....
Sorta` like buying insurance
When one is hedging ones bets, by covering the downside risk, and one makes big gains to the upside like we had over the last few years and especially last year.... If one is keeping ones downside hedge as a % of total assets, a gain will always result in an increase in downside betting as well.
It means his portfolio is bigger now.
Preferably using a woodchipper ala. Fargo....
You are one observant lady, Grace.
From what I’ve been picking up, he’s doing exactly what he was busted for in Europe a number of years ago.......Artifically manipulating the market.
George Soros, aka Gyorgy Schwartz, will find himself there soon enough.
Must be nice to be able to drive down the price of stocks just before you make a major purchase.
Soros makes his money by scaring people.
He must of heard the Chinese manufacturing numbers early